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Nairametrics
Home Business News

Official: Here Is How Much You Can Make For Whistle-blowing 

Ugodre Obi-chukwu by Ugodre Obi-chukwu
April 13, 2017
in Business News
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Nairametrics| The Federal Government’s Whistle-blowing policy has been mired in some controversy lately, after news emerged that some whistle-blowers have been victimized. To allay concerns of potential whistle-blowers, the Minister of Communications, Alhaji Lai Mohammed has revealed that cases of those who have suffered victimization will be addressed by the government.

“For those who may have suffered any backlash as a result of the information they provide, their cases will be reviewed and appropriate mitigating actions taken”

Nothing to fear, everything to gain

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He also maintained that whistleblowers have everything to gain.

“Whistle-blowers have nothing to fear, because the committee has put in place the necessary measures to safeguard those who give useful information. As a matter of fact, whistle-blowers have everything to gain and nothing to lose,” he said.

How much you can make by being a whistleblower

  • Recovery of up to 1 billion Naira will receive 5% of the amount;
  • The reward for any amount between 1 and 5 billion Naira will be 5% for the first 1 billion Naira and 4% of the remaining 4 billion Naira
  • And then for any whistleblowing amount of over 5 billion Naira will attract 2.5% reward.
  • For example, if a whistle-blower provides information leading to the recovery of 10 billion Naira, he or she will receive 5% of the first 1 billion Naira, 4% of the next 4 billion Naira and 2.5% of the remaining 5 billion Naira.

Please go ahead and blow the whistle. According to Muhammad Ali, He who is not courageous enough to take risks will accomplish nothing in life.

Ugodre Obi-chukwu

Ugodre Obi-chukwu

Ugo Obi-Chukwu "Ugodre" is the Founder, Publisher, and Chief Analyst of Nairametrics, a leading business and financial news online platform in Nigeria. Ugo is also the Chief Editor of the Nairametrics “Blurb” Opinion pages. Follow Ugodre on Twitter @ugodre and Instagram @ugodre Email: ugodre@nairametrics.com

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Comments 2

  1. biodun says:
    April 13, 2017 at 1:04 pm

    this sounds promising…lol. one might take whistle blowing as a part time job…

    Reply
  2. Olyray says:
    April 14, 2017 at 7:20 am

    I just hope that whistle-blowerz wont be victimised if they blow the whistle on the major gys in government.

    Reply

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